-voting shares and have broader implications on the effects of investors’ views for stock prices and corporate governance. …

model, one with effective and one with imperfect corporate governance. The patterns we observe are consistent with the …

Countries appear to differ considerably in the basic orientations of their corporate governance structures. We … postulate the trade-off between objectivity and proximity as fundamental to the corporate governance debate. We stress the value … comes with proximity (e.g. the more intrusive Continental European model). A superior corporate governance arrangement must …

discuss corporate governance only in an incomplete contract world. In this world, the notion of corporate governance is …This paper summarizes my own personal view of what corporate governance is about. I argue that it makes sense to … Zingales (1997a and 1997b). The paper concludes by discussing the limitations of the incomplete contracts approach to corporate …

This paper examines the impact of industry knowledge conditions and corporate governance structures on tangible … all. However, governance structures play an important role. After accounting for the mode of corporate governance, we …